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About Tactic
Industries
Fintech
Crypto & Web3
Company Size
11-50
Company Stage
Seed
Total Funding
$16.6M
Headquarters
New York City, New York
Founded
2018
Overview
Tactic automates the financial management of cryptocurrency transactions for businesses and individuals involved in the crypto market, such as traders and companies that accept cryptocurrencies. The platform simplifies the traditionally manual process of tracking and reconciling transactions, which often required users to navigate blockchain explorers and update spreadsheets. By providing a software-as-a-service (SaaS) solution, Tactic allows users to subscribe for access to its features, offering tiered pricing plans to accommodate different needs. This subscription model not only generates steady revenue but also delivers significant time savings and improved accuracy for users, enabling them to focus on their primary activities rather than administrative tasks. Tactic's goal is to streamline the management of cryptocurrency transactions, making it easier for users to handle their financial activities in the growing blockchain market.
Simplify's Take
What believers are saying
- Increased demand for crypto tax solutions due to global regulatory scrutiny.
- Growing interest in DeFi platforms boosts need for sophisticated tax solutions.
- Partnerships with major exchanges enhance Tactic's integration and user experience.
What critics are saying
- Increased competition from established financial software companies in the crypto space.
- Volatility in cryptocurrency markets may impact Tactic's revenue stability.
- Regulatory scrutiny could lead to higher compliance costs for Tactic.
What makes Tactic unique
- Tactic automates crypto transaction tracking, reducing manual reconciliation efforts significantly.
- The platform offers a SaaS model with tiered pricing for diverse user needs.
- Tactic addresses the complexity of DeFi and NFT tax implications effectively.
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Funding
Total Funding
$16.6M
Above
Industry Average
Funded Over
2 Rounds
Founders FundCompany News
/PRNewswire/ -- TaxBit, the leading tax and accounting provider for the digital asset economy, today announces the acquisition of Tactic, a digital asset...
No matter what mayhem is going on in the markets, every company needs to stay on top of its accounting practices — especially in crypto, where the decentralized nature of transactions and the relative newness of blockchain tech pose all sorts of complications for traditionally-trained finance teams. Perhaps that’s part of the reason why less than five months after TechCrunch covered Tactic’s $2.6 million seed round, the crypto accounting software startup has managed to bag $11 million despite a painful market downturn for the sector in what it says was an oversubscribed raise
Tactic, a NYC-based crypto accounting platform for businesses, secured $2.6m in funding. The round was co-led by Founders Fund and Ramp, the finance automation platform, which recently announced its own fundraise at a $8 billion valuation. Tech investors including Elad Gil and Dylan Field also participated in the funding. Led by Ann Jaskiw, founder and CEO, Tactic is tackling the problem of accounting [] The post Tactic Secures $2.6M in Funding appeared first on FinSMEs.
Tactic, a startup that helps businesses manage and simplify cryptocurrency finances, is emerging from stealth today with $2.6 million in seed funding. Founders Fund and finance automation startup Ramp co-led the raise for Tactic, an eight-person outfit based in New York City. Elad Gil and Figma co-founder Dylan Field also participated in the []
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About Tactic
Industries
Fintech
Crypto & Web3
Company Size
11-50
Company Stage
Seed
Total Funding
$16.6M
Headquarters
New York City, New York
Founded
2018
There are no jobs for Tactic right now.
Find jobs on Simplify and start your career today